XRP Price May Reach $4 After $3.48 Resistance Break
Technical analyst HolderStat highlights a potential XRP price breakout after consolidation. On the daily chart, XRP price broke out of a multi-month triangle and now trades between $3.20 and $3.48. A clear move above the $3.48 resistance line could push XRP price toward $3.8 and $4. Key support sits at $3.20, with a breach risking deeper corrections. A six-hour chart shows higher lows within a channel, signaling accumulation and bullish momentum as long as XRP holds $2.70. A successful close above $3.40 on this timeframe would confirm the upswing. Traders should watch these levels closely for a possible rally to previous all-time highs.
Bullish
HolderStat’s analysis outlines a classic bullish breakout scenario for XRP price. The consolidation near $3.20–$3.48 resembles prior pause patterns before substantial gains, as seen in early 2018. A decisive break above the $3.48 resistance line would likely trigger fresh buy orders and momentum-driven trading, propelling XRP toward $3.8 and $4. Strong support at $3.20 and $2.70 adds a safety net for buyers, reducing downside risk. The pattern of higher lows on the 6-hour chart confirms accumulation, a hallmark of bull markets. Given these factors, traders can anticipate increased upward pressure in the short term, with potential for sustained rallies if broader market sentiment remains positive.